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United Airlines reports fifth consecutive quarterly loss while travel demand starts to recover

April 24, 2021 by admin 0 Comments

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A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California.

Justin Sullivan | Getty Images

United Airlines on Monday reported its fifth consecutive quarterly net loss though travel demand has recently improved as vaccinations ramp up and governments loosen travel restrictions.

Here’s how United performed in the first quarter compared with what Wall Street expected, based on average estimates compiled by Refinitiv:

Adjusted results per share: a loss of $7.50 versus an expected loss of $7.08 a share
Total revenue: $3.22 billion versus expected $3.26 billion in revenue

The company’s executives will discuss results in a 10:30 a.m. ET on Tuesday.

This is breaking news. Check back for updates.

This article was originally published by Cnbc.com. Read the original article here.